Integrated Asset Management Corp. ("IAM") (TSX:IAM) and its private corporate
debt group, Integrated Private Debt Corp. ("IPD") announced today the closing of
a $90 million senior term loan to Enwave Energy Corporation ("Enwave"). The loan
is structured in two tranches: a 35 year $85 million tranche and a 10 year $5
million tranche. The 35 year term tranche was provided by Sun Life Financial
pursuant to a continuing relationship with IPD.


Enwave is owned by the City of Toronto and OMERS. The total capital raised will
be used to refinance existing debt and provide Enwave resources for future
capital projects.


Enwave is one of the largest district energy systems in North America, serving
36% of the potential heating market in downtown Toronto by providing heating
and/or cooling services to over 130 institutional and commercial buildings.
Enwave's Deep Lake Water Cooling System uses the cold energy from Lake Ontario
to cool buildings in downtown Toronto. Customers include the Toronto Dominion
Centre, Royal Bank Plaza, Metro Toronto Convention Centre and the Air Canada
Centre. The system can air-condition approximately 32 million square feet of
building space.


"District energy businesses have a long term life cycle. It is beneficial for
Enwave to work with partners like IPD and their funding participants who have
long term business perspectives" said Krishnan Iyer, Enwave CFO and EVP Company
Operations.


John Robertson, President of IPD, said "The Enwave transaction represents an
attractive further expansion of our diversified portfolio of infrastructure
financings. We are very appreciative of this opportunity to continue working
with industry leaders like Enwave."


IPD provides funding from the $1.0 billion Integrated Private Debt Fund LPs on
behalf of a number of pension funds and other institutional investors. IPD
offers fixed rate, investment grade term loans to mid-market companies for such
purposes as refinancing existing debt, business expansion, project financing and
management buyouts.


IAM is one of Canada's leading alternative asset management companies, with
approximately $2.0 billion in assets and committed capital under management in
private corporate debt, private equity, managed futures, global bonds, real
estate and retail alternative investments.
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